Investments held for trading may be classified as either long-term or current based solely on the maturity date of the underlying investment.

Name: Investments held for trading may be classified as either long-term or current based solely on the maturity date of the underlying investment.
Brand: Quizplus
Rating: 4.7 (46 reviews)

Question

Quizplus · Accepted Answer

Investments held for trading are classified as current assets regardless of their maturity date, as they are intended to be sold in the short term for profit.

Investments Held for Trading May Be Classified as Either Long-Term